41 Vernon Street, Korong Vale VIC 3520

corner block 1035sqm | 4-bed cladded renovation | bushfire overlay present | school catchment Wedderburn The buying case rests on land scale and configuration. A 1035sqm corner allotment in a residential zone, with 343sqm of existing building footprint, is rare at this price point in Victoria. The structure’s “great bones” and multiple sheds offer immediate workshop or storage utility, while the corner position allows separate access and future subdivision potential under Loddon Shire’s current zoning. This property suits a buyer who can manage renovation scope and values square metreage over finish,typically a hands-on owner-occupier or a patient investor seeking land bank exposure in a low-entry market. The bushfire overlay is the primary risk, adding compliance cost for any extension or rebuild, and may affect insurance premiums. The single bathroom and dated cladding cap immediate rental yield and resale appeal without capital injection. However, the overlay does not preclude renovation or occupation, and the property’s generous proportions and corner lot offer a clear path to value uplift through strategic reconfiguration or eventual subdivision. Hold as a long-term land position or renovate to a comfortable four-bedroom home for country lifestyle buyers priced out of Bendigo.